The extraordinary general assembly of Orient Education Services Company, held on April 16, 2025, approved a reduction of its capital from KWD 6 million to KWD 5.5 million, due to non-payment of the issued capital.
The assembly also agreed to amend Article (6) of the Articles of Incorporation and Article (5) of its articles of association to state the following:
- The authorized capital of the company is set at KWD 6,000,000 (six million Kuwaiti dinars) distributed over 60,000,000 shares, with a value of 100 Fils per share, all of which are cash shares.
- The issued capital of the company is set at 5,500,000 KWD (five million Kuwaiti dinars) distributed over 55,000,000 shares, with a value of 100 Fils per share, all of which are cash shares.
- The paid-up capital of the company is set at KWD 5,000,000 (five million and five hundred thousand Kuwaiti dinars) distributed over 50,000,000 shares, with a value of 100 Fils per share, all of which are cash shares.